10 Aug 2020 07:00
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
10 August 2020
Quixant plc
("Quixant" or the "Company" or the "Group")
Changes to the Board of Directors
Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries announces the following changes to its Board.
Guy Millward, Chief Financial Officer, will stand down from the Board and leave the Group on 21 August 2020 to focus on other challenges. Guy joined Quixant on 1 October 2018 after a long career working as the CFO for a number of other public companies. The Board has identified an interim CFO, further details of whom will be given in due course.
Nigel Payne, Independent Non-Executive Director, will leave the Board with effect from 31 August 2020. The Company is actively seeking to further strengthen the Board with an experienced, high quality Independent Non-Executive Director.
Commenting on the changes, Chairman Michael Peagram said: "In his time with us, Guy has made a strong contribution to the team and we wish him well for the future. Guy has played a critical role in both stewarding the strong net cash position of the Group and extending the Group's borrowing facilities. Regarding Nigel, I understand and respect his decision and we thank him for his contribution during his time with us."
For further information please contact:
Quixant plc | Tel: +44 (0)1223 892 696 |
Jon Jayal, Chief Executive Officer | |
Nominated Adviser and Broker: | |
finnCap Ltd | Tel: +44(0)20 7220 0500 |
Matt Goode / Simon Hicks (Corporate Finance) | |
Alice Lane (Corporate Broking)
| |
Financial PR: | Tel: +44 (0) 20 3405 0205 |
Alma PR | |
John Coles / Susie Hudson / David Ison / Kieran Breheny |
About Quixant
Quixant, founded in 2005, was established as a designer and manufacturer of highly optimised computing and display solutions for the global gaming industry. Through the acquisition of Densitron Technologies plc in 2015, the Company diversified into other markets and has a focused technology offering for the broadcast sector, leveraging the business' extensive sector knowledge across many industries.
The Company is headquartered in Cambridge in the UK, with a global customer base and offices in North America, Europe and Asia. The Taiwanese operation is responsible for design, procurement and manufacturing of the Company's products. Quixant owns all its IP, some of which is protected by patents and design rights.
In-depth information on the Company's products, markets, activities and history can be found on the corporate website at www.quixant.com.